Gold Spikes up $46.50 to $1710/oz on Fed AnnouncementChris | InformationLiberationJan. 25, 2012 |
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Gold spikes up $46.50, or 2.79% after the Fed says interest rates are unlikely to rise all the way through 2014. Chairman Ben S. Bernanke said the Federal Reserve is considering additional asset purchases to boost growth after extending its pledge to keep interest rates low through at least late 2014. |